529 News

Recent Plan News

Pennsylvania lowers minimum contributions for college savings plans

Pennsylvania State Treasurer Joe Torsella lowered the minimum contribution for the PA 529 College and Career Savings Program (PA 529) to $10. Previously the minimum contribution amount for the Guaranteed Savings Plan (GSP) was $15, and the Investment Plan’s (IP) was $25.

Pennsylvania lowers minimum contributions for college savings plans

Pennsylvania State Treasurer Joe Torsella lowered the minimum contribution for the PA 529 College and Career Savings Program (PA 529) to $10. Previously the minimum contribution amount for the Guaranteed Savings Plan (GSP) was $15, and the Investment Plan’s (IP) was $25.

Missouri MOST 529 reduces program management fee

MOST 529 board members voted to approve a contract amendment with program manager Ascensus. The amendment extends the contract period through June 2026 while guaranteeing program management fee reductions—taking the fees from the current level of 19 Basis Points (bp) to 16bp immediately, and 14bp over five years, a reduction of over 26%. This reduction is expected to save plan participants over $8 million.

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